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Regarding house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2011 PLEASE SUGGEST ME ON THIS TOPIC

I HAVE TWO PROPERTY IN MY NAME AND I WANT TO SALE ONE PROPERTY FROM THE TWO AND BUY NEW ONE RECEIVING THE SALE CONSIDERATION. IS I LIABLE TO CAPITTAL GAIN. PLEASE SUGGEST ME IN THE PERIOD AS LONG CAPITAL GAIN AND SHORT TERM CAPITAL GAIN.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 August 2011 if you held that property more than 36 months your property is long term and capital gain attract on your sale of property
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